Eman93
4,750 posts
msg #62497
- Ignore Eman93
modified |
5/11/2008 10:19:44 PM
This is good stuff.
I figured out on my own that some stocks have a nice range to trade in.
TRO how do I scan for stocks with large high-low spreads.
I dont care about % I am after $.
I have looked at your TRO quick pop scan, but it is a bit over my head.
My technique is to pick a good entry and exit point based on the privious day ranges. I have to set everyting up the night before.
This seems like a good way to trade, I don't like the risk of holding stocks over night.
Also is there a good site that lists the dividend dates for all stocks.
Thanks
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luc1grunt
622 posts
msg #62515
- Ignore luc1grunt |
5/12/2008 2:07:40 PM
show stocks where the day range is above 1%
and Average Volume(90) above 8000000
and Close above 30
and market is nasdaq
Use this for starters. Sort by day range as needed. This should provide the volatility and liquidity you seek. Expand to add ETF/NYSE etc, or increase the day range %.
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Eman93
4,750 posts
msg #62525
- Ignore Eman93 |
5/12/2008 4:36:33 PM
luc1grunt
Thanks
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chetron
2,817 posts
msg #62528
- Ignore chetron
modified |
5/12/2008 5:53:33 PM
clickable....
ooops, my bad. i'll do better next time, niko.
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nikoschopen
2,824 posts
msg #62553
- Ignore nikoschopen |
5/13/2008 11:44:32 AM
Top-down or bottom-up?
Every trader I know uses the top-down approach whereby they start out with the "BIG frigging picture" and from there narrow down to the microcosm of 1-minute chart (or the tick chart).
But, wait! Hold ure pants for a moment! If you think about it, the daily bars can't move before the hourly bars, and the hourly before the 15-minute chart, blah, blah. So if you know where the price is heading on the 5-minute chart, you could predict how the 15-minute chart will play out and that, in turn, will allow you to see where the hourly chart will pan out, no?? So what's wrong with using the bottom-up approach?
What do you use?
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WALLSTREETGENIUS
983 posts
msg #62683
- Ignore WALLSTREETGENIUS |
5/16/2008 3:25:29 AM
I'm not a pattern daytrader, so I mainly refer to a 20-day hourly chart. I Look for valued stocks that move. I alway keep about 10 of them at my disposal. Here is what I've been using the last two weeks or so....
UFPT, SNHY, MIA, MMR, SOL, LL, JST, GGB, JRCC, CLR
I then build a channel (10,2.0) around price, with an EMA(13) in the middle of it. That makes it fairly easy to spot new trends. Then I load a CCI(100). Look for your stocks to retrace to their lower levels i.e. -100. When CCI(100) crosses it's "0" line from below, it 99% of the time will close above it's EMA(13) Now I used to close out when price fell below the EMA(13), but I noticed how much money I was leaving on the table, so I then stayed with CCI(100) till it drew divergence at the top of a chart (above +100). If I don't get a clear signal, I'll usually find it with OBV breaking it's trendline, or diverfence
With using a 100-day period, you are wiping out all the noise and headfakes that come with osillators. That "0" line is DEADLY! Now, if you have ice in your veins, you can close your trades when CCI(100) crosses down below +100. The only rule I have with entries, is NEVER enter on a gap! I think some of you will find this simplistic way very, very, profitable.
Good Luck,
RIGGS
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ludowillems
111 posts
msg #62685
- Ignore ludowillems |
5/16/2008 7:22:34 AM
Hi WSG,
Thanks for posting. Indeed, it looks fairly simple and straightforward. However, how do you do your initial research of stocks to follow-up?
Regards, Ludo Willems
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ludowillems
111 posts
msg #62690
- Ignore ludowillems |
5/16/2008 8:27:10 AM
WSG, one thing is not clear to me: you enter when CCi crosses ZERO-line from below or when -100-line is crossed from below? thanks
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WALLSTREETGENIUS
983 posts
msg #62692
- Ignore WALLSTREETGENIUS |
5/16/2008 9:13:34 AM
Hi WSG,
Thanks for posting. Indeed, it looks fairly simple and straightforward. However, how do you do your initial research of stocks to follow-up?
Regards, Ludo Willems
WSG, one thing is not clear to me: you enter when CCi crosses ZERO-line from below or when -100-line is crossed from below? thanks
__________________________
Ludo -
Your entry is when CCI(100) crosses the "0" line from below. But you want the trend to come from below -100. This gives the crossover momentum as in spring action.
As far as my stock selecting goes...it's a lifetime of experience. Knowing companies and their reaction to certain markets. And I love pre-announced news! It seems most of the stocks I deal with usually are high rated stocks in the IBD 100. I don't subscribe to IBD, but I understand their proccess. For you, earnings would be a safe start.
HTH
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maxreturn
745 posts
msg #62701
- Ignore maxreturn |
5/16/2008 12:32:37 PM
Riggs, thanks for sharing. Is your channel bollinger bands?
Quote from RIGGS:
I then build a channel (10,2.0) around price, with an EMA(13) in the middle of it.
Regards
Max
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